The U.S. economy created 818,000 fewer jobs than initially reported over the prior 12 months, according to a preliminary data revision from the Bureau of Labor Statistics this morning.
That update pushes the unemployment rate higher by about half a percentage point. But markets appeared to take the news in stride this morning, and the Biden administration defended the labor economy’s strength.
Presented by Cencora
From accelerating innovation to powering the pharmaceutical supply chain, we reduce barriers to expand access to medications for millions of Americans at sites of care in their communities. Learn more
Presented by Cencora
From accelerating innovation to powering the pharmaceutical supply chain, we reduce barriers to expand access to medications for millions of Americans at sites of care in their communities. Learn more
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